Business Savings Accounts & CDs

Bell State Bank & Trust offers several business savings accounts and certificates of deposit to suit the savings needs unique to your organization.

Business savings accounts give you the ability to grow your money, while keeping it liquid. You can easily withdraw funds by transferring them online between your business savings and checking accounts using Business Online Banking. You can deposit through electronic transfer as well – or deposit checks or wire funds into your accounts. Plus, your funds are FDIC insured, subject to FDIC limitations.

In short, a business savings vehicle is an essential tool for managing your business. It’s a place where you can use idle funds to grow your capital securely.

Choose the Best Business Savings Account for Your Company

Each business has its own needs when it comes to savings. Bell State Bank & Trust has business savings accounts and CDs with varying minimum balance requirements and interest yields, so you can find the solution that’s right for your company.

Regular Savings Account

Our standard account has a low minimum balance of just $50.

  • Variable rate of interest compounded quarterly*
  • $50 minimum balance
  • Service fee of $2 per month if balance falls below $50
  • A transaction fee of $1 will be charged for each withdrawal or debit over six in a month
  • Quarterly online or paper statements

* Interest earned each day that the required daily balance is maintained.

Money Market Savings Plus Account

Bell State Bank & Trust’s Money Market Savings Plus offers higher yields on higher balances.

  • Variable rate of interest compounded monthly*
  • Minimum balance of $500
  • Service fee of $10 per month if balance falls below $500
  • Monthly online or paper statements
  • A transaction fee of $5 will be charged for each withdrawal or debit over six in a month
  • Checks available upon request

* Interest earned each day that the required daily balance is maintained.

Premier Money Market Savings Plus Account

Premier Money Market Savings Plus offers businesses our highest savings account yields for accounts more than $25,000.

  • For accounts more than $25,000
  • Highest savings account variable rate of interest compounded monthly*
  • Minimum balance of $5,000
  • Service fee of $10 per month if balance falls below $5,000
  • Monthly online or paper statements
  • A transaction fee of $5 will be charged for each withdrawal or debit over six in a month
  • Checks available upon request

* Interest earned each day that the required daily balance is maintained.

Today’s Business Savings Accounts Rates

Savings Accounts
Type and Term Minimum Balance
(to earn interest)
Interest Rate APY Payment Frequency
Regular Savings $50.00 0.05% 0.05% Monthly
Money Market Savings Plus $500.00 0.10% 0.10% Monthly
Premier Money Market Savings Plus*† $25,000.00 to $99,999.99 0.10% 0.10% Monthly
$100,000.00 to $249,999.99 0.15% 0.15% Monthly
$250,000.00 to $499,999.99 0.20% 0.20% Monthly
$500,000.00 to $999,999.99 0.25% 0.25% Monthly
$1,000,000.00 or more 0.30% 0.30% Monthly

Annual Percentage Yield (APY) is variable and may change after account is opened. If fees are applied, earnings may be reduced.
* Balances of $5,000.00 to $24,999.99 will earn an interest rate of 0.10% for an APY of 0.10% monthly.
† The interest rate is paid on the entire balance in the account.

Lock in Yields with a Business CD

A business certificate of deposit allows you to lock in the yield on your funds for a term you choose. Commercial CDs require a low opening deposit and allow you to earn a fixed rate of interest. Bell State Bank & Trust’s business CD features:

  • $500 minimum deposit to open
  • Terms of 3 months to 5 years
  • Choice of automatic renewal upon maturity

Today’s Business CD Rates

Certificates of Deposit
Type and Term Minimum Balance
(to earn interest)
Interest Rate APY Payment Frequency
3 Month (91 Day) $500.00 0.10% 0.10% Maturity
6 Month (182 Day) $500.00 0.15% 0.15% Maturity
1 Year (12 month) $500.00 0.25% 0.25% Maturity
18 Month $500.00 0.35% 0.35% Semiannually
2 Year (24 month) $500.00 0.50% 0.50% Annually
3 Year (36 month) $500.00 0.75% 0.75% Annually
5 Year (60 month) $500.00 1.30% 1.30% Annually
9 Month Special $500.00 0.30% 0.30% Maturity
20 Month Special $500.00 0.50% 0.50% Semiannually***
26 Month Special $500.00 0.55% 0.55% Annually**
10 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.15% 0.15% Maturity
15 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.30% 0.30% Annually**
30 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.55% 0.55% Semiannually

(Penalty for early withdrawal may be imposed)
* Once during the term, you may request to increase the interest rate and annual percentage yield to the current rate and annual percentage yield offered on a Flexible CD of a similar term.
** Interest will be credited annually and at maturity.
*** Interest will be credited semiannually and at maturity.

Jeff_Restad

 

Our business bankers are here to help you open a business savings account or certificate of deposit.

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